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Prior Session was Cycle Day 3 (CD3): Markets rebounded last week to finish strong with a Positive 3-Day Cycle. Range was 40 handles on 1.034M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Momentum is spilling over during overnight activity, as bulls maintain a firm bid. Average Decline for CD1 measures 4657. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4685, initially targets 4696 – 4702 zone.
2.) Price sustains an offer below 4685, initially targets 4675 – 4670 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 4683 PVA Low Edge = 4654 Prior POC = 4674
Range Projections and Key Levels (ES) December 2021 (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Nazzie closed strong in upper quartile of range capping off a rebound week with a Positive 3-Day Cycle. Average Decline for CD1 measures 16138. Prior range was 212 handles on 404k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 16187 PVA Low Edge = 16063 Prior POC = 16187
Bull Scenario: IF Bulls sustain a bid above 16213, THEN initial upside estimate targets 16244 – 16252 zone.
Bear Scenario: IF Bears sustain an offer below 16213, THEN initial downside estimate targets 16175– 16165 zone.
Range Projections and Key Levels (NQ) December 2021 (Z) Contract
Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.
Stay Focused…Non-Biased…Disciplined ALWAYS USE STOPS!
“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee
*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.
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CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN